SENSIO Technologies Inc.
TSX VENTURE : SIO

SENSIO Technologies Inc.

September 10, 2012 08:40 ET

SENSIO Announces a Proposed Brokered Private Placement

MONTREAL, CANADA--(Marketwire - Sept. 10, 2012) - SENSIO Technologies Inc. ("SENSIO" or the "Company") (TSX VENTURE:SIO), today announced that it has entered into an agreement with NCP Northland Capital Partners Inc., as lead agent (the "Lead Agent"), for a brokered private placement of common shares (the "Common Shares") at a price per share of $0.33 for gross proceeds of up to $3 million on a best-efforts basis (the "Offering").

In addition, the Company will grant the Lead Agent an option to increase the size of the Offering by up to an additional 15%, exercisable at any time within 30 days of the closing date.

Closing of the Offering is anticipated to occur on or before September 25, 2012 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued will be subject to a four-month hold period, which will expire four months from the date of closing.

The Lead Agent will receive a cash commission representing 6% of the gross proceeds of the Offering, compensation options equal to 6% of the total number of Common Shares sold pursuant to the Offering exercisable at the Offering price for a period of 24 months following closing and reimbursement of their reasonable fees and expenses.

The net proceeds will be used for the launch of 3DGO! store, research and development, working capital and general corporate purposes.

The Corporation has filed an application to obtain an advance ruling from the Ministère du Revenu du Québec in order to confirm that the Corporation is a qualified issuing corporation for the purposes of the Québec Stock Savings Plan II ("QSSP II") and that the Common Shares to be issued pursuant to the Offering will be qualified shares for a QSSP II qualified mutual fund for the investors who require it.

About SENSIO:

SENSIO Technologies Inc. (www.sensio.tv) has been leading the floor in bringing 3D video to the consumer since 1999. Its vision, expertise and state-of-the-art solutions, based on diversified stereoscopic image-processing technologies, have been trusted by some of the biggest names in the media and entertainment industries to power numerous industry firsts, initiate new business models and generate immediate revenue with a distinctive 3D offering.

SENSIO enables its clients to deliver the best possible 3D experience for the end-user through a broad portfolio of products, including its flagship, award-winning technology, SENSIO® Hi-Fi 3D. Through SENSIO solutions, consumers can access - with effortless interaction and complete peace of mind - 3D content of superior quality to common frame-compatible formats distributed over existing infrastructure (cable, satellite or over IP) and displayed using any existing digital equipment (cinema, home cinema, TV, game consoles or PC). SENSIO's common shares are listed on the TSX Venture Exchange.

SENSIO® is a registered trademark of SENSIO Technologies Inc.

This news release contains forward-looking information. These statements relate to future events and reflect management's current expectations and assumptions. Such forward-looking statements are based on information currently available to management of SENSIO. A number of factors beyond the control of SENSIO could cause the aforementioned private placement to be delayed or cancelled, including general market conditions, failure to locate subscribers willing to participate or failure to obtain the necessary regulatory approvals. These forward-looking statements are made as of the date hereof and SENSIO does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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